BlackRock To Judge Insurers' Commercial Mortgage Risk

Law360, New York (September 3, 2010, 12:55 PM EDT) -- The National Association of Insurance Commissioners has selected BlackRock Solutions to assess the losses insurance companies face from commercial mortgage-backed securities they hold in their portfolios.

BlackRock will evaluate more than 7,000 CMBS held by U.S.-based insurance companies at the end of 2010, the NAIC said in a statement Thursday. The assessment will help state regulators determine how much insurance regulators need to hold back in reserves.

BlackRock Solutions, a unit of the New York-based asset management firm BlackRock Inc., was chosen from among 16 firms...
To view the full article, register now.